TIDMAVC

RNS Number : 4163O

Aberdeen Development Capital PLC

16 September 2011

Aberdeen Development Capital PLC ("the Company")

Interim Management Statement - Quarter ended 31 August 2011

This Interim Management Statement for the quarter ended 31 August 2011 is provided in accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK Listing Authority and also includes relevant information in respect of the period from 1 September 2011 to the date of issue. This Statement has been prepared solely to provide additional information in order to meet the relevant requirements of the UK Listing Authority's Disclosure and Transparency Rules, and should not be relied on by Shareholders, or any other party, for any other purpose.

1. Financial highlights

Net Asset Value* ("NAV") of 5.7p per Ordinary share at 31 August 2011; when compared to the NAV at 31 May 2011 of 5.9p, represents a decrease of 3.4% over the three month period and is mostly due to the accretion of entitlement to Zero dividend preference ("ZDP") shareholders.

* The NAV is unaudited. Unlisted companies are valued on a six monthly basis and the NAV incorporates the Directors' valuation of unlisted investments as at 31 May 2011. The Company held no quoted investments as at 31 August 2011.

2. Investments and disposals

During the quarter ended 31 August 2011, no new or follow-on investments were made. No full exits were achieved, however, GBP1,069,000 was received as part of an early repayment of institutional loan stock.

There were no other material transactions during the period under review.

3. Recent developments

Between 31 August 2011 and the date of this statement, no new or follow-on investments have been made, nor have there been any investment sales.

Shareholder and general meetings of subsidiary companies ADC Zeros 2010 PLC and ADC Zeros 2012 PLC were held today to approve their early liquidation, thus protecting the capital nature of returns to ZDP shareholders. It is anticipated that a return of 8p per share will be made by the liquidator on or around 20 September 2011. Further returns will be considered as liquidity allows.

Other than as described above, the Board is not aware of any material events during the period from 1 June 2011 to 31 August 2011, or in the period from 1 September 2011 to the date of this announcement, which would have had a material impact on the financial position of the Company.

Issued on behalf of the Board

Aberdeen Asset Management PLC, Secretary

16 September 2011

This information is provided by RNS

The company news service from the London Stock Exchange

END

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